17 Williams Manufacturing uses scrap metal to produce various tools, such as drill bits, hammer heads, saw blades, and nails. The CEO has asked you to analyze the sow blades division to determine asset turnover for last quarter. You find that the saw blades division had an ROI of 40%, sales of $12.50 million, and operating profits of $1.250 million. What was the asset turnover rate for last quarter? Asset turnover Matthews Produce harvests and sells Florida oranges. Matthews has hired you to determine its return on investment (ROI) based on both net book value (NBV) and gross book value (GBV). Financial data for the company show that profits are $2.92 million, the NBV of operating assets is $8.60 million, and the GBV of these assets is $58.48 million. What is ROI based on NBV and based on GBV? ROI based on NBV ROI based on GBV